As many homeowners pick keeping their houses over their cars, the motor loan industry is going through a very tough time. Many are finding that they just can’t make both payments and the only ones benefiting are the repo companies at this point. For those that need a new motor loan the options are just […]
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How the United States Housing Market is Affect Motor Loans
Posted on May 24th, 2008 by Bright Light
The United States is going through massive issues as far as money and debt is concerned. In terms of the housing market, Americans are having multiple issues; homes are not worth what they used to be worth, and yet Americans are paying more and higher costs for them. As rates and payments rise, many Americans […]
New Motor Loan Interest Rate Rules
Posted on May 15th, 2008 by Bright Light
For consumers with bad credit, new motor loan rules are being instituted that would force banks to inform consumers when a bad credit rating is responsible for higher interest rates. Many in the motor loan industry have been accused of not giving consumers enough information when it comes to how much they will have to […]
Motor Loan Industry Continues to Suffer
Posted on May 8th, 2008 by Bright Light
As more consumers debate how safe it is to add another loan to their debts, the motor loan industry is beginning to feel the pinch. New car sales are down and the rates of applications for new motor loans have fallen sharply. Many believe that until the housing crisis ends, the motor loan industry is […]
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